Plug Power Company Profile (NASDAQ:PLUG)

Plug Power trades on the NASDAQ under the ticker symbol "PLUG."

Plug Power, Inc. (NASDAQ:PLUG) posted its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.07) by $0.03. The business earned $22.60 million during the quarter, compared to analysts' expectations of $28.58 million. Plug Power had a negative return on equity of 86.35% and a negative net margin of 112.95%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. View Plug Power's Earnings History.

Plug Power is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Plug Power.

7 analysts have issued 12 month price objectives for Plug Power's shares. Their forecasts range from $1.30 to $4.00. On average, they anticipate Plug Power's stock price to reach $3.04 in the next twelve months. View Analyst Ratings for Plug Power.

Here are some recent quotes from research analysts about Plug Power stock:

• 1. According to Zacks Investment Research, "Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America's largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. " (10/17/2017)
• 2. FBR & Co analysts commented, " On Friday, February 24, PLUG held its annual outlook call, announcing in-line preliminary 4Q16 results and 2017 guidance. Our key takeaways are as follows: (1) PLUG slightly beat its 2016 goal with ~4,010 GenDrive units deployed; (2) it posted solid 4Q16 order bookings of $110M with 90% from the U.S., a positive in light of the ITC expiration; (3) 2017 revenue was guided to $130M, up 50% YOY, but we expect a back-half-loaded year, similar to 2016; (4) 2017 bookings are up 18% YOY at $325M, and ~75% of revenue guidance, or $100M, is in contracted backlog; (5) 2017 gross margins of 8%'12% are in line with our expectations of 10.1%; (6) China has the potential to become a significant revenue contributor as PLUG develops its infrastructure and local relationships, although we expect modest revenue contribution in 2017; and (7) management anticipates reaching operating breakeven in 4Q17, although we do not forecast that occurring. Despite the tilt toward a back-half-loaded year, we are encouraged by the continued growth in Plug's core business, improving revenue visibility, and a line of sight toward operating profitability." (2/27/2017)

Plug Power saw a increase in short interest during the month of September. As of September 29th, there was short interest totalling 30,503,722 shares, an increase of 23.7% from the September 15th total of 39,968,091 shares. Based on an average daily volume of 9,013,637 shares, the short-interest ratio is currently 3.4 days. Approximately 13.6% of the company's stock are short sold.

Some companies that are related to Plug Power include TASER International (AAXN), Astec Industries (ASTE), Quad Graphics (QUAD), Constellium N.V. (CSTM), General Cable Corporation (BGC), ScanSource (SCSC), Calgon Carbon Corporation (CCC), Briggs & Stratton Corporation (BGG), Hyster-Yale Materials Handling (HY), H&E Equipment Services (HEES), Lindsay Corporation (LNN), Encore Wire Corporation (WIRE), CIRCOR International (CIR), Fairmount Santrol Holdings (FMSA), NN (NNBR), Columbus McKinnon Corporation (CMCO), TPI Composites (TPIC) and Ituran Location and Control (ITRN).

Plug Power's management team includes the folowing people:

• George C. McNamee, Chairman of the Board
• Andrew J Marsh, President, Chief Executive Officer, Director
• Paul B. Middleton, Senior Vice President and Chief Financial Officer
• Keith C Schmid, Chief Operating Officer and Senior Vice President
• Gerard L. Conway Jr., Senior Vice President, General Counsel, Corporate Secretary
• Martin Daniel Hull, Chief Accounting Officer, Corporate Controller
• Jose Luis Crespo, Vice President - Global Sales
• Gregory B. Graves, Director
• Lucas P. Schneider, Director
• Maureen O. Helmer, Independent Director

Shares of Plug Power can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Plug Power stock can currently be purchased for approximately $2.70.